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The Opportunity
Nusa Nickel Corp has now successfully produced our first 7500 metric tonnes of mineralized lateritic nickel and have now become a revenue generating producer in just the first 12 months since our inception, and on only the first $1.1M raised. We're now launching our next financing to set the framework for our larger go public round later this year.
Nusa Nickel is North America's only pure-play access to the world's #1 nickel district in Central Sulawesi, Indonesia. In 2024, Indonesia produced 63% of the world's nickel. The only other publicly listed companies with access to this market are Vale (second largest mining company in the world listed on the NYSE) and Nickel Industries (multi-billion dollar company trading on the ASX).
Highlights of the Deal:
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Successfully put our project into production which has significantly de-risked the investment compared to our previous $0.05 round
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Produced our first 7500 metric tonnes of mineralized lateritic nickel with a signed sales purchase agreement in hand, with first revenues now officially achieved
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Lowest cost of nickel production in the world
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Operating within the world's #1 nickel district in Central Sulawesi, Indonesia -- and on the same mineralization belt as PT Vale, the world's largest nickel producer
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In the process of applying for our Traders License which would add 3 new revenue streams to our business mode
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Proven production team
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Massive scalability across a 2641 ha mining permit with over 700 ha already green lit by the Indonesian Ministry of Energy and Mineral Resources
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Pathway to early return of capital through profit sharing with investors
Production Overview
With our proof of concept pilot production now proven out, we seek to rapidly expand our production footprint across the 2641 ha mining permit of lateritic nickel rich land that we operate on. The pilot program is our first 10 ha parcel where just putting the first 2 ha into production has now generated $350k CAD in revenue on our first shipment with projected 12 month revenues being ~$9.5M CAD.
Current 2 Hectares in Production
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Seeking to hit our steady state of 2 shipments per month of 7,500 metric tons of 1.6-1.8% nickel, totaling 15,000 metric tons, within Q2/2025
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Revenue per shipment is roughly $350,000 - $450,000 CAD
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At least 1-2 years of production on this first pilot 2 hectares alone
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Our first sale was shipped to the smelter of one of the world's largest stainless steel producers, securing a relationship with a highly in demand end-buyer
Prospectively for Production Growth
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2019 JORC done on 345 hectares of this 2641 hectares mining permit resulted in 44 million metric tons in Indicated Resources and 38 million metric tons in Proven Reserves (cutoff of 1.3% Ni applied)
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We have right of first refusal for the 700 hectares that has already been green lit by the Indonesian Ministry of Energy and Mineral Resources
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Currently have only put 2 ha of our 10 ha land package into production and are able to generate $9.5M+ in 12 month revenue
Traders License Overview
Our Indonesian executive team come from a background in nickel trading before they transitioned into production. Drawing from their past experience in securing a nickel trader's license, we are now in the process of obtaining our own license under a new dedicated subsidiary. This extensive expertise in the nickel supply chain, combined with well-established industry connections, strategically positions us to maximize the value of our sought after trading arm.
1) Cutting out the Middleman
On average, traders earn as much as or even more per metric tonne than producers. By obtaining our traders license, we can substantially increase our bottom line per metric tonne produced.
2) Creating a Standalone Business Model
This license unlocks the ability to source nickel ore from any artisanal or large-scale producer across Indonesia and sell it to the more than 44 operating nickel smelters in the country. Notably, over 14 of these smelters are located within 170 km of the PT Nusa Nickel head office.
3) Brokering the Intermediate Products
The trader license also allows us to broker highly sought-after intermediate products processed by various smelters. These include:
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Nickel Pig Iron (NPI) & Ferronickel: Widely used in stainless steel production.
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Matte & Mixed Hydroxide Precipitate (MHP): Essential in the production of battery materials for electric vehicles.
Competitive Advantage:
Strong Indonesian Relations - Our co-founder and President & COO, Robert Tjandra, is a born and raised Indonesian citizen that has lived in Toronto since 2007. This gives us incredible insight and understanding of the nuances of doing business in Indonesia, as well as the key fulcrum between our Canadian and Indonesian operation teams.
Barrier of Entry for Foreign Companies - Indonesians do business with Indonesians. New companies will have a very hard time navigating the business climate in Indonesia, let alone finding access to good nickel rich land, local operators and access to the know-how on mixing the ore to desired nickel concentration, SiMg ratio, and moisture content that are team already specializes in.
Operations Expertise - Our Indonesian team specializes in both the production and trading of lateritic nickel ore, while also having extensive networks within the Indonesian nickel supply chain
Right of First Refusal - We have right of first refusal on over 700 ha of lateritic rich land, within the overarching 2641 ha mining permit, that has already been approved for production.
North America's Only Pure-Play Proxy to Indonesian Nickel - We will be the only North American pure play access to the world's #1 nickel district for investors to take participate in.
The Raise
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This round is set at $0.10 per share with a half warrant at $0.20 (2 year expiry) for proceeds of $1,000,000
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Post-money valuation of only $4.2M
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Use of proceeds are for securing more production ready land, conducting an MRE technical report to showcase the potential on this mining permit, acquiring our traders license, working capital and G&A